Own New Rate Reducer
What is Own New rate reducer?
Lower interest rate mortgages for buyers of new build properties.
A mortgage scheme bringing together home builders and lenders to deliver lower interest rate mortgages for buyers of new build properties. The developer contributes 3-5% of the property value towards your mortgage, and this builder’s contribution directly reduces your interest rate, creating genuine monthly savings.
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Key benefits
- Lower monthly payments
- Significant monthly savings available
- Competitive rates
- Fixed periods up to 5 years
- Build more equity
- Pay down capital faster with reduced rates
How it works
- Choose your new build
Select from participating developments across the UK
- Expert mortgage advice
Our Own New approved brokers guide you through the process
- Builder contributes
The 3-5% contribution reduces your mortgage rate
- Move in & save
Enjoy lower monthly payments
Key advantages
- Controlled benefit
Contractual reduction in your mortgage rate
- Suitable for everyone
Available to first-time buyers and existing homeowners moving home
- More capital repaid
Lower interest means more of your payment goes toward owning your home
- UK-wide availability
Available on participating developments across the UK
- Own 100% of your home
No shared ownership – you own your property outright from day one